{"id":6579,"date":"2015-03-17T18:05:57","date_gmt":"2015-03-17T23:05:57","guid":{"rendered":"http:\/\/olduvai.ca\/?p=6579"},"modified":"2015-03-17T18:05:57","modified_gmt":"2015-03-17T23:05:57","slug":"wti-plunges-to-42-handle-on-massive-api-inventory-build","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=6579","title":{"rendered":"WTI Plunges To $42 Handle On Massive API Inventory Build"},"content":{"rendered":"<h3 class=\"title\"><a href=\"http:\/\/www.zerohedge.com\/news\/2015-03-17\/wti-plunges-42-handle-massive-api-inventory-build\" target=\"_blank\">WTI Plunges To $42 Handle On Massive API Inventory Build<\/a><\/h3>\n<p>For what appears to be the 10th week in a row, API reports a<strong>massive 10.5 million barrels (far bigger than the 3.1 million barrel expectation)\u00a0<\/strong>and a 3 million barrel build at Cushing. If this holds for DOE data tomorrow (<em>and worryingly API has tended to underestimate the build in recent weeks<\/em>) it will be the biggest weekly build since 2001. WTI has plunged on this news hitting<strong>$42.60 on the April contract<\/strong>.<\/p>\n<p><a href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2015\/03\/20150318_API.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2015\/03\/20150318_API_0.jpg\" alt=\"\" width=\"600\" height=\"493\" \/><\/a><\/p>\n<p>If API data is accurate (and it has tended to underestimate the inventory build in recent weeks) then this will be the biggest build since 2001&#8230;<\/p>\n<p><a href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2015\/03\/20150318_API1.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2015\/03\/20150318_API1.jpg\" alt=\"\" width=\"600\" height=\"314\" \/><\/a><\/p>\n<div class=\"fivestar-static-form-item\">\n<div class=\"form-item\"><\/div>\n<\/div>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>WTI Plunges To $42 Handle On Massive API Inventory Build For what appears to be the 10th week in a row, API reports amassive 10.5 million barrels (far bigger than the 3.1 million barrel expectation)\u00a0and a 3 million barrel build at Cushing. If this holds for DOE data tomorrow (and worryingly API has tended to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[4232,588,1775],"class_list":["post-6579","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-inventory","tag-oil","tag-oil-price-collapse"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6579","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6579"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6579\/revisions"}],"predecessor-version":[{"id":6580,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6579\/revisions\/6580"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}